Catalog
10 Pesos
| Issuer | Banco Nacional de la República de Colombia |
|---|---|
| Year | 1888 |
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| Value | 10 Pesos |
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|---|---|
| Obverse lettering | BANCO NACIONAL REPÚBLICA DE COLOMBIA PAGARÁ AL PORTADOR A LA VISTA DIEZ PESOS en moneda corriente BOGOTÁ Marzo 1º de 1888 EL DIRECTOR GERENTE DIRECTOR |
| Reverse description | Printed in brown, the reverse is dominated by an all-over guilloche pattern composed of four large rosette medallions arranged symmetrically about a central signature panel, with the numeral 10 in narrow vertical cartouches at the left and right margins. A manuscript cashier's signature appears in the central panel below the title 'EL CAJERO', above which a circular red cancellation stamp is impressed. The legend 'REPÚBLICA DE COLOMBIA' runs in a straight line across the lower portion of the note. |
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| Comments |
The Banco Nacional de la República de Colombia was a state-owned institution established in 1880 under President Rafael Núñez, part of his broader Regeneración program that sought to centralize fiscal control and end the monetary chaos of the federalist period. Prior to its creation, note-issuing rights had been held by a patchwork of private banks, many of them chronically undercapitalized. The Nacional absorbed that function entirely — a controversial move that drew fierce opposition from Liberal merchants and regional banking interests.
ABNC's contract for Colombian government notes during this period was extensive, covering multiple denominations across several series. The 1888 date places this note in the bank's mid-operational phase, before the catastrophic over-issuance of the 1890s that triggered hyperinflation and ultimately forced the bank's closure in 1894.